Mastering maritime data for competitive advantage
A new report from Lloyd's Register and OneOcean highlights the growing importance of data quality and standardisation as the maritime sector navigates digital transformation and tightening regulation.
New report warns shipping must master data to remain competitive
Shipping companies must improve how they collect, structure and use operational data if they are to remain competitive in an increasingly regulated and digital operating environment, according to new research from Lloyd’s Register and OneOcean.
The report, Mastering maritime data for competitive advantage, launched today (18 March) at the Smart Maritime Network Conference in Athens, argues that while the maritime sector is generating more operational information than ever before, much of it remains fragmented, poorly structured or underused. This leads to inadequate data quality levels and a lack of data standardisation, which has a large impact on maritime digital transformation.
Preview the report
As regulatory pressure intensifies through frameworks such as the EU Emissions Trading System and FuelEU Maritime, reliable operational data is becoming central to both compliance and commercial decision-making.
The report suggests that the industry still has some way to go before digital tools deliver their full potential. According to LR’s latest Digital Maturity Index (DMI), data standardisation stood at 2.45 out of 4, with shipping’s overall digital maturity currently sitting at 2.1 out of a possible 4, highlighting uneven progress across the sector.
For many shipowners and operators, the challenge lies not in generating data but in ensuring it reaches adequate data quality levels and can be trusted and used effectively across ship and shore operations.
The report examines how maritime organisations handle information across the full data lifecycle, from onboard collection and validation through to transfer, processing, and operational use.
Weaknesses frequently emerge at the earliest stages, the research suggests, where operational information is still often entered manually or stored in isolated systems. This can lead to data quality issues that later complicate emissions reporting, performance analysis or commercial decision-making.
The report argues that improving data governance, standardisation, and system integration will be essential if the industry is to unlock the value of information already being produced across fleets.
Improved vessel connectivity and cloud-based platforms are also reshaping how data moves between ship and shore. High-capacity satellite networks and integrated digital systems now allow operators to transmit vessel performance data in near real time, enabling quicker operational decisions and closer monitoring of fleet performance.
However, the report cautions that advanced technologies such as artificial intelligence and predictive analytics depend heavily on the quality of the underlying data. Without consistent governance and verification processes, automated systems risk amplifying inaccuracies rather than delivering operational insight.
The research concludes that the next stage of maritime digitalisation will depend on stronger collaboration across the wider maritime ecosystem, including shipowners, technology providers, class societies, ports, and regulators.
Pranav Kumar, Global Advisory Lead – Operational Excellence at LR Advisory, stated:
“The industry is transitioning toward a data-driven operational landscape in which regulators, charterers, and cargo owners increasingly demand greater transparency.
“With reliable and qualified data underpinning key areas, from emissions reporting to voyage optimisation, effective data management is crucial to shipping operations. The companies that manage their data well will be better positioned to respond to regulatory change and commercial pressures.”
Barry Hooper, Vice-President of Product and Technology at OneOcean, said:
“The role of operational data in shipping is changing as regulation and digital tools reshape the sector.
“Compliance used to be the goal – now it’s the baseline. Companies are increasingly using operational data to optimise voyages, manage emissions exposure, and improve margins.
“Those that treat operational data as a strategic asset rather than simply a compliance requirement are likely to gain a competitive edge as regulation, emissions management, and fleet performance become increasingly data-driven.”
The report forms part of LR’s Digital Transformation Research Programme and was produced jointly with Lloyd’s Register.
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About Lloyd’s Register
Trusted maritime and energy sector advisors, partnering with clients to drive performance across the ocean economy.
Lloyd’s Register (LR) is a global professional services group specialising in marine and offshore engineering, technology and digital solutions. We were created more than 260 years ago as the world’s first marine classification society to improve and set standards for the safety of ships.
Today they are a leading provider of classification and compliance services to the marine and offshore industries, helping our clients design, construct and operate their assets to accepted levels of safety and environmental compliance.
Through OneOcean, LR delivers integrated digital solutions supporting voyage planning, optimisation, compliance, training and fleet performance across more than 30,000 vessels globally.
In the race to zero emissions, our research, advisory and technical expertise and industry-firsts are supporting a safe, sustainable maritime energy transition.
Lloyd’s Register Group is wholly owned by the Lloyd’s Register Foundation, a politically and financially independent global charity that promotes safety and education.
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Lloyd’s Register
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